The range between the two blue lines has been very important before and is still full of trading volume!
And red lines are a price channel. If the red and blue lines collide at the same time, it will be a good sign to enter the "LONG" trade!
Open the deal in three steps!
1 In reaching with the upper blue line
2 In reaching with the middle of the blue range
3 In a successful break out of the hypothetical downtrend
You can put the 4th stage after the pullback to the downward failure level!
And red lines are a price channel. If the red and blue lines collide at the same time, it will be a good sign to enter the "LONG" trade!
Open the deal in three steps!
1 In reaching with the upper blue line
2 In reaching with the middle of the blue range
3 In a successful break out of the hypothetical downtrend
You can put the 4th stage after the pullback to the downward failure level!
Commentaire:
If you entered with the middle line good for you! if not don't trade on this pair!